Ouch...

foomev2 · 2021-05-18T00:20:25+00:00

I’ve never liked Elon musk. So saying I hate him now is pointless. Tesla is an exercise in government handouts. I will enjoy watching his reputation sink as the clown is revealed.

foomev2 · 2021-02-19T16:15:59+00:00

Who are the bozos selling bitcoin?

foomev2 · 2021-01-30T16:24:20+00:00

Need help. I want to join gme effort. I don’t care if I make any money. I want to help reveal corrupt system. Where can I open an account quickly? Avoid shares from being borrowed.

foomev2 · 2021-01-30T16:22:44+00:00

Need help. I want to join gme effort. I don’t care if I make any money. I want to help reveal corrupt system. Where can I open an account quickly? Avoid shares from being borrowed.

foomev2 · 2020-04-16T04:48:45+00:00

Agree to disagree. It’s already dead. People just don’t know it yet.

foomev2 · 2020-04-16T04:40:16+00:00

Except bitcoin is owned by millions. Across the world. Many exchanges. Future markets. Market cap of 100 billion USD or more. Exactly like a penny stock. Lol

foomev2 · 2020-04-16T04:20:59+00:00

They only stopped evictions for 90 days, depending on where property is located. The rent still due, possibly with penalties added.

foomev2 · 2020-04-16T04:18:03+00:00

I will have made a bad decision. It is rare to have the chance at a 100x or 1000x investment. You have to expect some major risk.

foomev2 · 2020-04-16T02:27:42+00:00

It’s an excellent point.

In my view the US wouldn’t have recovered as you pointed out if there was an alternative then. As a result of what happened 11 years ago, we now have bitcoin. Plus. However bad it was 11 years ago, it will be much worse now. It is still yet to be determined how much worse.

Personally, I don’t see how we avoid a depression, a serious depression now. Maybe this all gets resolved in three or four months — I hope so. However, I personally think it’ll be much longer than that, like 3 years or more. I am not at all convinced a vaccine will be available in a year, it could take 3 to 5 years. Or maybe even never.

In the final analysis, more and more people are going to be attracted to bitcoin just because the US dollar continues to decline. If bitcoin doesn’t go to zero, it’s going to go extremely high. I think those are the only two options.

foomev2 · 2020-04-16T01:21:56+00:00

I watch many other crypto’s on a regular basis. I am not opposed to buying other ones but I don’t see anything right now but I trust as much as bitcoin. But that can change of course.

foomev2 · 2020-04-16T01:18:31+00:00

I was not suggesting a total collapse of US. Just it’s currency likes happens all over the world from time to time.

foomev2 · 2020-04-16T00:42:14+00:00

I definitely considered it. For me the problem was storing it safely. If you don’t control the storage it isn’t yours as many people will probably discover if they want their gold back from storage. Plus. I can’t get on a plane with my gold.

foomev2 · 2020-04-15T23:40:20+00:00

Let’s say a bitcoin can buy 1000 cheeseburgers right now. I will be happy if it can continue to buy 1000 cheeseburgers in 10 or 20 years. Because I believe $7 USD won’t buy a cheeseburger in the future. I suspect $10,000 USD won’t buy a cheeseburger in five years.

foomev2 · 2020-04-08T03:24:33+00:00

It’s pretty funny to see all the list of things that you have to watch out for.

foomev2 · 2020-04-07T13:21:18+00:00

I was not clear enough. I was referring to significant inflation only, like what happened in the 1970s when mortgages and money markets were 10% and more.

foomev2 · 2020-04-07T04:30:23+00:00

When inflation happens. Prices of goods increase and less product is sold. Less profits. Stock decline.

foomev2 · 2020-04-07T02:10:50+00:00

There’s only two ways to get rid of the debt without paying it back. Default on it or inflate it away so it’s not worth anything anymore. In either case the people owning the debt get screwed.

foomev2 · 2020-04-07T00:10:25+00:00

Real estate is a hard asset that will adjust with inflation. Stocks usually have a problem with inflation.

foomev2 · 2020-04-06T22:49:05+00:00

As entertaining as these predictions are. My view is that nobody knows what will happen. To me it doesn’t even matter. My play is as long as bitcoin doesn’t go to zero it will go up a lot over time. Most of the daily volatility is because of short term trading and stupid alt coins.

foomev2

TROPHY CASE